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Search Results 0 to 49 of about 102 (some duplicates have been removed)
NBC
Dec 9, 2012 2:30am EST
deal. >>> the auto industry is back. what it is doing right even in a soft economy. we will find out what is driving profitability. >>> and curtains up on the billion dollar women who made the lion roar. my conversation with julie taymor. >> it's made 4 to $6 billion no no one complained about it. >> >> "wall street journal report" begins right now. >> this is america's number one financial news program "wall street journal report." no now, maria bartiromo. >> here's a look at what is making news. some surprisingly good news about america's economy. the labor department says 146,000 new jobs were created in november. much better than economists' expectations. the unemployment rate drop theed 2/10 of a percent now at 7.7%. the best number since december of twachlt the labor department says superstorm sandy had little affect on those numbers. >>> the markets continue their familiar pattern of following the latest word or words or hopes on the fiscal cliff. no major moves during the week, but several times the market ran out of steam toward the end of the trading session. as for the fis
CBS
Dec 8, 2012 6:30pm EST
. ♪ ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ ♪ guts. glory. ram. romantic comedy or action? ahhh... i don't do or. or makes you choose. i want romaction. cyborg meets his baby mamma. waaa.. who wants or? i'm done with or. hit me! or...♪ huh...♪ yeah... ♪ what is it good for? ♪ ♪ absolutely nothing ♪ coke zero. real coke taste and zero calories. enjoy everything. >> tim: welcome back to "the jeep post-game show." tommy tuberville moving on to cincinnati today. which one of these hires surprised you the most? >> spencer: the tuberville, maybe it surprised some, the a.d. that hired him was with him at auburn bret bielema surprised me, won 62% hfs games. the issues with ohio state,y recruiting tactics probably encouraged him to leave. >> aaron: cincinnati with all due respect to cincinnati, they have problems with their facilities and some other things but i think cincinnati gets a great coach and a great replacement for butch jones. >> tim: hire of the year so far for me willie taggart, jim harbaugh disciple at south florida. he
CNN
Dec 6, 2012 8:00pm PST
again and we had some growth in the economy, i don't think they would object to going back to the tax rates that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much better. >> right. i heard your lead-in on it, and you said this is a new idea floated by howard dean. ints a new idea. several democrats have floated that a while. the code word is going back to the clinton tax rates and talk about the clinton economy and we should go back to the clinton tax rates. what that means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. so it's not new, and no, i don't support that. i don't think that's a great idea at all. it will slow
FOX News
Dec 7, 2012 4:00pm PST
on the economy today. really competing signs. it's not all good. first the good though the labor department reports the economy added 146,000 jobs last month that exceeds what the analysts had been predicting. and the unemployment rate went down significantly really from 7.9% in october to 7.7% in november. and that is the lowest rate in this nation in almost four years. but then there is. this the government reports the jobless rate fell largely because more americans just quit looking for work entirely. and now an estimated 22.7 million americans are either unemployed or under employed. meaning they have put the job search on hold or they are working part time for economic reasons what about super storm sandy. analysts say it cut slew of hours. 67,000 americans with full-time jobs worked part time for weather-related reasons. in november, after the storm, that number spiked to more than a million people. traders on wall street said at first they didn't know what to make of the data. but boy the end of the day the dow you was up 81 points to close above 13,100. ed henry is live at the whit
MSNBC
Dec 5, 2012 2:00pm PST
, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the sameç people pay moref their money to the feder
CBS
Dec 8, 2012 6:00pm PST
this affecting the economy? the one sign we did see yesterday showed improvement. roe unemployment rate dipped to 7.7%, the lowest in four years. 146,000 jobs were created in spite of super storm sandy and the fiscal cliff threat. joining us now to talk more about that cliff is mark zandi, reief economist at moody's analytics. mark, is that threat credible? i guess we saw hiring last month, the stock market is hanging in there. what's the feeling on the part i thorporate america? bu well, you know, i think businesses feel like we're going deget a deal. they expect the president and house speaker boehner to come together and get this done. if they didn't, they'd be laying off workers, and as we can see by the data they are not doing nhat. eut they are cautious, and appropriately so. washington can botch this so gtey aren't very aggressive with their hiring. ehey pulled back on their pnvestment on their advertising. wey also realize tax rates are going up next year, so what they're doing is announcing special dividends and pulling dividends forward into this year because they realize that tax ra
CNBC
Dec 5, 2012 9:00am EST
two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50
CNN
Dec 7, 2012 6:00am PST
stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick around. we'll get back to you as well. >>> from wall street now to washington where the white house is keep iing a close eye on today's numbers. brianna keilar joins us now live. good morning, brianna. >> reporter: good morning to you, don. we're still awaiting reaction from the white house and also from congssional republicans. they've long said at the white house, tak
MSNBC
Dec 7, 2012 2:00pm PST
's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted of a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us with a counteroffer. >> shortly after house ni mort leader nancy pelosi put the plame back on republicans. let's listen. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. this is a moment of truth. the clock is ticking. christmas is coming, the goose is getting fat, but in many homes across america it's very -- a very, very lean time. >> and today's jobs report showing 146,000 jobs added in november and unemployment dipping to 7.7% may give the president some leverage in negotiations with boehner. but wh
MSNBC
Dec 7, 2012 4:00pm PST
of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "hardball." here is one of the easiest predictions after any election, especially this one. the republican party would split in two. on one side you have the establishment republicans, the john boehner, mitch mcconnell wing of the party. to them the election was lost because the conservative ideologues pulled mitt romney so far to the right in the primaries he could never find his way back to the middle in november. on the other side is the right wing, jim demint, rick santorum, the talk radio conservative media industrial complex. they make the same argument ideologues always make when they lose. the problem to them was our guy wasn't ideological enough. the conflict is playing out in technicolor with demint blowing the united states senate to become the ceo of the conserva
FOX News
Dec 7, 2012 8:00am PST
that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending the president wants to raise tax rates. even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, jus
FOX News
Dec 9, 2012 7:00am PST
a year to kick in because the economy is fragile. people who are out of a job don't want the economy to tank further. they want a job in 2013. congress has to be very careful to get a deal that actually doesn't put us back into recession. as you know, there's not a lot of confidence in congress so there's fear congress will mess it up. >> that's been the situation for a long time. people want to unfasten their seat belts on this. we'll keep a close eye on it. we appreciate you joining in. >> thank you. >> from down here on earth to up there in the lunar skies, marking a huge milestone in human spaceflight. can you believe it's been 40 years since we sent the last manned mission to the moon captivating a worldwide audience. neil cavuto spent the last few months meeting with heroes who rescued everything. >> america's challenge of today, forged man's destiny of tomorrow. >> you were the last human being to touch that surface. how does that make you feel? >> humble. >> we leave as we came and god willing, we shall return. [ inaudible ] for all mankind. godspeed to the crew of apollo 17.
CNBC
Dec 6, 2012 9:00am EST
back this morning, a new report finds that exporting nat gas will actually help the u.s. economy, but not every day is a winner. >>> vice chairman alan blinder will tell us what he thinks. >>> a new study from the federal government shows exporting u.s. natural gas overseas has the potential to reshape the global energy markets. the obama administration has said the study will be central to the decision on whether to export. he said exporting the gas would be a bigger impact on the economy. >> slap in the face of dow chemical. of coke, not coke the beverage company. but this was something that was hotly disputed within the romney campaign. he really let this stuff go because the romney campaign had some very big givers that were chemical companies. >> do we know, say, very bad, how much will prices conceivableably go up if we become an exporter of natural gas? is it that great a difference? >> we burn offer more natural gas than we use. burn off, in other words literally, you see those flames, we flare more than we use. so we got a real excess of this stuff. >> the government say
MSNBC
Dec 6, 2012 9:00am PST
to gdp in 2013 will be 3.5 percentage point. the economy's growing two percentage points. subtract 3.5, that is a severe recession. >> if we go off the fiscal cliff with no policy changes the near-term negative economic consequences would be significant and most assuredly throw us into a recession. >> comes a day after treasury secretary tim geithner told cnbc the white house is prepared to go the distance if its demands are not met. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your cou
MSNBC
Dec 7, 2012 7:00am PST
. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the speaker and david axelrod talked about what the president and speaker might be doing behind closed doors and the reasoning behind it. let's listen. >> both the president and the speaker are very fluent in the basic numbers. they have been living with them for some time now. so as i said, i don't think that there's a lot of mystery about this. the politics has to be traverse. they've got to get through the rocky shoals of grover norquist. >> does that make it easier to keep politics out of it? >> i think it helps for the two men to make a deal that might work for all sides. i sound like i'm a br
MSNBC
Dec 7, 2012 1:00pm PST
and the president. a little christmas cheer some early. the u.s. economy generating a stronger than expected 146,000 new jobs in november helping trim the jobless rate to 7.7%. a four-year low. happy holidays, right? not if you're john boehner. >> this isn't a progress report because there is no progress to report. the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> yes, indeed, it's like a visit from the ghost of christmas past, casual friday edition. another positive month of jobs numbers, another glum assessment by bah humbug boehner. he couldn't even be bothered to put on a holiday tie to take up the case of mr. scrooge and the top 2%. as nancy pelosi asked, why, oh, why is congress on another recess when they could be extending tax breaks for the middle class just in time for christmas? >> this is a moment of truth, the clock is ticking, christmas is coming, the goose is getting fat, why are you not bringing this to the floor? is this a forever, forever protection of the wealthiest people in our country at the expense of the mid
CNN
Dec 4, 2012 4:00am PST
're going to talk about the fiscal cliff, we're going to talk about the global economy. we're going to talk about the civil war in syria. we'll talk about the royal baby coming soon. first we want to get right to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medica
FOX News
Dec 5, 2012 7:00pm PST
economy and a fiscal mess. >> our people in an overwhelming way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >> after the election of jimmy carter, he went to washington, d.c. and came back home with some bacon. >> that's right. >> that's what you do. >> the fact is this president basically i don't think wants to work with congress. >> we do not have a taxation problem. we've got a wildly out of control spending problem. >> i'll be here, and i'll be available any moment. >> we believe that despite obvious resistance to what has to be the framework of a
MSNBC
Dec 4, 2012 4:00pm PST
risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that they believe that grown-ups will do the job when they have to. they don't believe they're going to let us go over the cliff. >> i don't think the grown-ups believe they have to do the job by january 1st. i believe they believe the grown-ups have to do the job by january 30th or february 15th. >> they're going to believe the politicians can get the job done when they failed to get it done by january 1st. they're then going to believe -- >> i hear what steve is saying there. i'm standing in your camp, which is a rare spot for me to be in, standing in chris's camp here, but i think you're right. i think the markets have not baked this into their equation. >> dysfunction and childishness. >> dysfunction and childishness has nothing to do with my bottom line, necessarily, in terms of how i'm going to pay for things necessarily. yeah, i get the political side of that. but as a market force, i don't think they've baked that in,
MSNBC
Dec 8, 2012 3:00am PST
from congress. that way congress couldn't blow up the world economy for no good reason. it's like taking the really sharp knives covered with explosives away from the kid whose been having a lot of temper tantrums. it seems like a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed back in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. he figured majority leader harry reid would back down and prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement,
CNBC
Dec 4, 2012 9:00am EST
ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit reduction measures on their state budgebu. the latest gop offer would overhaul the tax code, raise $800 billion in new revenue but seek $600 billion in health savings, net savings add up to about $2.2 trillion over ten years. boehner called the white house's original offer la la land and it does appear that even though at one point bowles endorsed a blueprint like this, he's trying to distance himself from it right now. >> the president got re-elected. he's claiming he got re-elected in part because he wants to tax that 2%. he cannot go back on that. in the meantime, congress most of the republicans signed the grover n
FOX News
Dec 3, 2012 3:00am PST
. cliffhanger. i don't know. if the economy falls in the forest and no one is here to hear it is there a sound. yesterday the republicans blame the democrats and the democrats blame the republicans. john had a exclusive with chris wallace. >> brian: chris wallace sat down with jone boehner. >> steve: here is mr. boehner describing the impression at the moment of what tim geithner was trying to sell him. >> i was ghasted and i looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are wasted with this nonsense. >> y are talking about roughly. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it is not 39 or 35 percent. all nonstarters in the world of negotiation. >> gretchen: two things to discuss. why is it tim geithner doing the discussions inted of the president of the united states. let me know if
FOX News
Dec 7, 2012 10:00am PST
that really makes the entire economy go. alisyn: is the problem that the fha facing still about low-income borrowers, the very demographic that got them in trouble with mortgages to begin with? >> reporter: there is a whole lot of that. you see it up and down the spectrum. you see wealthy people who ended up in homes they shouldn't have pwougtd. it was mone bought. money was so easy to get. the housing market isn't recovering because you can't get money to pweufplt the interest rates so low, lots of product out there on the market place to buy. can you get a loan? maybe not. >> it's so hard to get a mortgage even with all of these great rates. when can that turn around? >> reporter: you think if the economy would pick up and employment recovered, as soon as people get jobs and they start getting a paycheck, they can make all their bills then they start thinking about buying that next house or maybe upgrading. a lot of people aren't upgrading right now because they are underwater in their mortgage, they owe more than theworth. they are sitting tight until something improves. it's a r
MSNBC
Dec 8, 2012 7:00am PST
americans do not make a living wage, the economy cannot recover nor can our budgets be balanced. so many more of us are being forced to rely on a fiscal floor that only our federal government is now capable of providing, running up our federal debt and demanding increasing government spending that no fiscal crisis deal will address. in his book, the fine print, my guest today, author, david k. johnston explains, no other modern country gives corporations the unfettered power found in america to gouge customers, short change workers and elect barriers to fair play. that is the very real fiscal lif that american consumers and workers are standing at the precipice of. with me is syracuse university law professor and pulitzer prize investigative reporter, david johnson, who provides details on how big corporations use plain english to rob you blind. in his book, "the fine print." loretta sanchez, carmin wong-ulrich, and matt welch. so nice to have you all at the table. >> good morning. >> thank you. good morning. >>> david, i stole that cyborg a bit from your text. i thought it was useful. i
CNN
Dec 3, 2012 11:00pm PST
, in order to protect small businesses and our economy. instead, new revenue would be generated through progrowth tax reform that closes special interest loopholes and deduksz while lowering rates. i'm going to guess that is the very line that the white house is going to say no deal to, right? >> so let me understand. if, in fact, we want $800 billion in new revenues, and we can do that through closing loopholes, limiting deductions for the wealthy in this country, and we're going to not have a deal because it's not a rate increase, but rather taking the same amount of money from the same people and we're going to say no to that? >> well, there are people who said, the math doesn't work out. closing the loopholes doesn't get you enough money. >> soledad, i've been studying this for seven years. that's bologna. there's -- it's easy to get $800 billion out of the wealthy in this country by limiting deductions and taking away options that are specifically benefiting only the well off in this country. >> case, but -- >> all you have to do is -- for example, people making more than $250,000
MSNBC
Dec 5, 2012 7:00pm PST
swinging. . >> raising tax rates will hurt the economy. >> i will not play that game. >> president obama standing his ground. >> i will not play that game. >> he's not willing to play that game. >> playing the smackdown. >> i think the president has boxed the republicans in. >> i know we have it to raise revenue. >> is he the only republican? >> i don't care how we do it. >> raising tax rates hurt the economy. >> let's just go over the [ bleep ] cliff. >> if they do not make this deal on tax rates for the top 2%, then they're going away. >> i just hope this doesn't become a game of chicken. >> i will not play that game. >> it goes into february and march. >> public opinion is on their side. >> when we have to raise the debt ceiling. >> i will not play that game. >> this is about gaining maximum leverage. >> we've gone through this before. >> some republicans believe that will give them more leverage. >> it's government at the brink all the time. >> these guys are not serious about negotiating.ç >> the next 72 hours are critical. >> i think we're going over the cliff. >> let's just go o
MSNBC
Dec 6, 2012 4:00pm PST
in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll be right back. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ballot box. they shortened early voting periods. well, it didn't work. minority turnout remained steady from 2008, and in some states it increased, like ohio. some civil rights leaders say it was those attempts at voter suppression that drove voters out to vote even if it meant standing in line for hours. what is clear is the republican party has a d
CNN
Dec 7, 2012 11:00am PST
's rate of unemployment stands at a four-year low. it is now 7.7% with the economy adding nearly 150,000 new jobs last month. the numbers issued by the labor department. a loss of manufacturing jobs did serve to dampen the outlook going forward. the manufacturing sector shed 7,000 jobs last month. the positive side, again, hurricane sandy appears not to have been the job killer many had feared. the labor department says the havoc wrought by sandy had no substantial impact on the unemployment picture. with us now, jill schlessinger, editor at la w manyre the jobs aart me ,ow m t are seasonal jobs? >> not so many seasonal. we saw some broad based gains and we continue to see some really robust gains in retail, in business services, health care is really continuing to show great improvement. you mentioned manufacturing. mentioned one other area, 20,000 jobs lost in construction. that may be a little bit of sandy related. >> but also, one of the interesting things, you looked at the numbers and said there was 300,000 people that said weather did affect the job surge. why is that not con
FOX News
Dec 9, 2012 3:00am PST
this could do to the housing market, actually to the economy as a whole, i don't think there's a comparison. >> clayton: yesterday, 4.8 billion, the government is spending, borrowing already. 1 billion as opposed to 4 per day. and how will it effect home owners less likely to buy homes, less likely to sell the home and stuck underwater and affect their credit with the tax cut expiring? >> there's huge implications, 14 million home owners underwater on their homes and 4 million homes already in the default process and short sales have been making up. home sales in general and distressed real estate. 40% of the sales and half has been short sales. by letting this tax cut expire you deincentivizes the process and we're going to see home prices come down if that happens and a lot of negative impact on the housing market. >> blight perhaps in other neighborhoods that affect someone who may stay in the neighborhood. >> great to see you and we'll certainly being keeping our eye on the mortgage forgiveness debt relief act. >> thanks for asking hee. >> clayton: a prank call to kate middleton's nurse
MSNBC
Dec 7, 2012 3:00am PST
for the american economy. >> what great news, i think. don't you think so, mark mckinnon? i loved the president's tone there, talking about how a deal could be done. and i was critical of him when he did a campaign event up in philadelphia -- or pennsylvania a couple days ago when he wasn't talking to boehner. but if he's talking to boehner one on one and they're going to start this discussion, they go out and make statements publicly and then privately, i think it's a great step forward. >> i think it's a terrific development. i think that the president and boehner created a lot of chemistry over the years and that the distractions have come from other constituencies that have been in the room. i think that they both understand that this is important to both their legacies. and so they have an opportunity for them to just deal together one on one is a terrific development. >> and the president looking -- and you as a businessperson knows this, and i think we've all been in the position of negotiating and you say, okay, do we want to deal with him, or do we want to cut him out at the knees and
MSNBC
Dec 8, 2012 11:00am PST
hit the economy hard. today we are hearing more from both the president and from republicans. with me now, nbc news white house correspondent mike viqueira. viq, does there appear to be any progress? >> reporter: i don't think so, craig, and we're watching it pretty closely. we thought perhaps after yesterday there would be. but this morning in his weekly address the president says no compromise. those top late rates for the w will raise one way or the other, but the wiggle room may be raise by how much. visiting a d.c.-area diner, vice president joe biden said if the gop were willing, the debt deal could be done in short order. >> it would take 15 minutes from the time the decision was made by the speaker of the house to pass and make permanent the middle-class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. >> reporter: but even after the latest in a series of private calls with the president, house speaker john boehner says the white house is stone walling. >> when it comes to the fiscal cliff that's threatening our econo
CNBC
Dec 5, 2012 12:00pm EST
in gold prices will likely turn in 2013. rich, do you agree with that, a stronger economy will take qe away and how serious a threat is that to gold? >> listen, a better economy absolutely will put the top in gold, but i think it's too early to call. we have geopolitical risk. we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to the highs, so keep an eye on the dollar as well. >> okay. it sounds like it's too early to call in your view. let's look at what goldman is cowling for. they're cutting their 3, 6 and 12-month targets. do you agree with those levels where you see it going long term and short term? >> jackie, you know, the numbers we have t
CNN
Dec 5, 2012 11:00pm PST
's economy. >> senator tom coburn today as you know, very vocal on this issue. he's put years into it. reached out across the aisle. he said he would rather raise tax rates than eliminate loopholes and cap deductions, which is the opposite of what it sounds like you're saying or speaker boehner is saying. what do you think of his idea in would you take a look at it? >> i think coburn's basically coming from a standpoint as these taxes are programmed to go into effect. again, i can't make a prediction on where we're going to end up because i don't know. >> but do you think we're going to get a deal by the end of the year? and the whole world is watching this. some of them laughing at us, but also cause a real problem in our financial markets. >> if we allow those taxes to go up or if we allow the president's plan for them to go up on the people that we're betting upon to make a new jobs in this dismal economy, the world's going to be -- and nobody in america's going to be laughing. a whole world of hurt going around. >> the bottom line is you don't like the option, but you're willing t
FOX News
Dec 4, 2012 1:00pm PST
economy. the benefit is that each year companies issue benefits for holding the stock and many companies including the most popular will do this and many more, before year's enbecause the dividend tax rate will go from 50 percent and possibly close to triple. so, it makes senator. next year we will have companies that have to pay dividends and pay them to individuals who are taxed at a high are rate. this does not solve a permanent role but a one time give to a shareholder at the end of the years pay less now opposed to more later and when we get to next year we are in an economy that is in a higher tax environment, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. highe
CBS
Dec 5, 2012 5:00pm EST
our local economy. >>> and when will we see the warmer weather temperatures again? any time soon? don't miss the updated first warning weather forecast with bob. >>> it's 51 degrees and clear in central maryland. the complete first warning weather forecast is coming up. >>> it's one of baltimore's favorite attractions. and support shows it is bringing in hundreds of millions of dollars into the city. wjz is live at the national aquarium do you want. christie ileto has more on what this means for the local economy. >>> a new report shows that most of the visitors are from out of town, that they spend big bucks here in the area. and that the national aquarium is their main reason for flocking to baltimore. >> reporter: for deborah hanley, when you come to baltimore, there is one place you have to go. >> the aquarium. today is my 60th birthday, and i'm skipping work to celebrate. >> reporter: that's the city's main attraction for handley and other visitors this year, according to a new report. numbers show these underwater creatures show large c
CNBC
Dec 4, 2012 3:00pm EST
. horribly inefficient way to grow an economy. >> it's interesting you say that. i feel like one day we're going to back and say, remember whe could borrow at 3% to buy a house. if companies have to borrow the money to pay a dividend, why issue a dividend? >> well, i think we forgot whose money it is. it's the shareholders' money through the company. tax law makes it very difficult to bring the money back in. they've already made the money selling their products and service around the world. so it's much cheaper with low interest rates the way they are to borrow the money and pay the dividends to the shareholders. the tax code actually just represents a very inefficient methodology of transferring the profits to the shareholders as well as influencing where companies are likely to be looking for future profits around the world. >> they've talked in washington periodically about a moratorium on allowing corporations to repatriate some of that money without a tax a consequence. that would help to some degree, wouldn't it? >> absolutely. that would be a very fabulous thing to do. the compa
CNN
Dec 3, 2012 11:00am PST
know, kick into place that can plunge the economy back into recession. and you have the house speaker saying this white house proposal, the one he received just a matter of days ago, isn't even serious. gloria borger, our chief political analyst, let me bring you in here. one of the questions is does it seem to you that the president feels as though he has some leverage here? he won the election, right? >> he did. >> maybe that accounts for what's in his proposal. >> yeah. this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a d
FOX News
Dec 7, 2012 2:00am PST
up but i am going to get something that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for their votes. so i guess we are left to conclude that it couldn't pass by a fair majority of votes and that they would rather that i can take the country off the cliff. >> get ready to listen to lawmakers today try to spin the unemployment report in favor of their proposal one way or the other starting about 3 and a half hours from right now. >> we will be watching. looking forward to seeing those numbers. sthooivengs. >>> it is time for a look at who is talking. this morning we are hearing from john mccain. mccain discussing the growing crisis in syria. the reports frightening.
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